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PGNiG and Chevron to explore for shale gas reserves in the southeast of Poland
Poland’s oil and gas company PGNiG, signed a letter of intent with American fuel giant Chevron, on the terms of a possible cooperation on shale gas exploration projects, which would bring together four licences in southeastern Poland.
read more... 17/12/2013
EIA: U.S. crude oil output to hit an unprecedented high of 9.5 million bpd
U.S. oil production is expected to hit an unprecedented high by 2016, with 9.5 million barrels per day, near the all-time high set in the boom of 1970, according to the Annual Energy Outlook, released by U.S. Energy Information Administration (EIA).
read more... 17/12/2013
Daily: European carbon allowances at the seven day low despite price support plan
Brent crude oil increased by 1.5 percent on Monday, backed by expectations for rising demand that emerged from stronger European economic data, while supplies from Libya remained considerably reduced.
read more... 17/12/2013
Power from the Hinkley C nuclear generator could be too expensive
Jim Ratcliffe, the boss of one of the UK's biggest energy consumers, the chemical company Ineos, which owns the Grangemouth oil refinery in Scotland has warned that nuclear power from the Hinkley C generator, will be too costly in comparison to energy from elsewhere.
read more... 17/12/2013
Daily: Brent crude trades higher on uncertainty about Libya port restart
Brent crude oil increased in the oscillating trading ahead of the January futures contract expiration on Monday, gaining support from uncertainty if oil ports in eastern Libya will resume exports. Meanwhile, U.S. crude futures dropped on Friday on expectations the Federal Reserve could announce a withdrawal of its bond-buying program as early as next week.
read more... 16/12/2013